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Docs used in a Subject To deal in Texas
Just relocated from WA state to Tx. Can someone share what docs are used in a Subject To deal here in TX please?
In WA, typically: Purchase and Sale declaring that Buyer is purchasing with underlying loan(s) intact.
Sellers Disclosures, Buyers Disclosures., Disclosure to Seller that there is a Due on sale clause and buyer will not be held liable. Limited Power of Attorney, Authorization to release.
I typically have the seller sign the Deed over to an entity such as an LLC or Land Trust. I usually have an Atttorney write up the agreement and sign at his / her office.
Anyone want to weigh in on this? Thanks